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TODD Candle Co. produces scented candles. Their most recent income statement is as follows: All Amounts in Thousands of US $ Revenue $2,400 Variable cost
TODD Candle Co. produces scented candles. Their most recent income statement is as follows: All Amounts in Thousands of US $ Revenue $2,400 Variable cost @ $3 per candle 900 Fixed costs 600 Depreciation 400 EBIT 500 Income taxes @ 40% 200 Net Income $300 ===== What is the contribution margin per unit? What is Accounting Breakeven expressed in number of units sold? What is the degree of operating leverage?
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